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Fed Chairman Jerome Powell Says Bitcoin Is a Substitute for Gold


Federal Reserve Chairman Jerome Powell sees cryptocurrency as a substitute for gold, rather than the dollar. However, he cautioned that crypto assets, including bitcoin, are highly volatile and not useful as a store of value. Fed Chair Sees Bitcoin as a Gold Substitute During a webinar sponsored...

Deutsche Bank, Visa, Binance, Naver Eye Deal for Bithumb – Report


Rumors appear to be hotting up as rival players – including the likes of Deutsche Bank, Visa, Binance and the search engine operator Naver – have reportedly held talks about buying minority or controlling stakes (or possibly even taking over) Bithumb, South Korea’s biggest crypto exchange. As...

Deutsche Bank: Bitcoin Now 3rd Largest Currency, Too Important to Ignore


Deutsche Bank has published a report stating that bitcoin is too important to ignore, noting that it is now the third-largest currency in terms of the total value in circulation. In addition, the bank says that governments and central banks know that cryptocurrencies are here to stay and...

Next 2-3 Years 'Should Be a Turning Point for Bitcoin' - Deutsche Bank


The next few years might prove crucial for bitcoin (BTC) that is "here to stay" but is not likely to be used as a means of payment, according to German multinational giant Deutsche Bank. Bitcoin’s market capitalization of more than USD 1trn “makes it too important to ignore,” while large...

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